(March 10, 2023) – Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, surpassed pre-pandemic levels in CY2022 on the back of robust contributions from all its businesses. Net income attributable to parent reached Php9.75 billion for a 21% growth versus the same period last year, and 12% higher than 2019. Earnings was at an all-time high, despite the absence of commercial land sales and the effect of tax adjustments under the CREATE Act.

Consolidated revenues ended at Php45.51 billion, up 25% year-on-year on account of the sale recognition of residential projects, success of leasing activities across its investment properties, and accelerated recovery of consumption in the malls. This pushed Earnings per share (EPS) to a record Php1.91 per share, 23% better than previous year.

RLC sustained its strong financial position with total assets of Php224 billion and Shareholders’ Equity of Php135 billion. The Company maintained a net gearing ratio of 0.33x as of December 2022 with a book value of Php25.59 per share.

“We achieved record profitability in 2022 on the strength of a fully reopened economy and robust consumer spending. Our strategic investments and key initiatives continue to fuel our growth across all our businesses. As we move forward, we remain steadfast in our commitment to serve our customers better and create sustainable value for stakeholders,” said RLC President and CEO Frederick D. Go.